Q1 2024 Earnings Summary
Reported on Jan 4, 2025 (After Market Close)
Pre-Earnings Price$94.08Last close (Jan 30, 2024)
Post-Earnings Price$98.28Open (Jan 31, 2024)
Price Change
$4.20(+4.46%)
- Bear case for Starbucks ($SBUX) based on the Q&A section of the earnings call transcript:*
- Starbucks has lowered its full-year global revenue growth guidance to 7%-10% from the previous range of the low end of 10%-12%, and same-store sales growth guidance to 4%-6% from 5%-7%, due to multiple headwinds including a softer-than-expected January and anticipated impacts on second-quarter performance. This reliance on a sharp acceleration in the second half presents risks if growth does not materialize as expected.
- Geopolitical events in the Middle East have negatively impacted Starbucks' business both in the region and in the U.S., leading to decreased traffic from occasional customers, particularly affecting afternoon visits. This decrease in traffic from occasional customers could continue to pressure sales growth.